Brief by Shorts91 Newsdesk / 06:15am on 12 Oct 2026,Monday International
Crude oil prices fell by more than 1.5% after US President Donald Trump announced a proposed energy ceasefire between Russia and Ukraine, although uncertainty over implementation persisted. Brent crude traded at $102 per barrel at the time of reporting. Trump said both countries had agreed to halt attacks on each other’s energy facilities following a US diesel-supply deal with Moscow, raising expectations of increased Russian supplies. However, reports of fresh attacks cast doubt on the arrangement. For India, additional Russian fuel supplies could help moderate price volatility ahead of winter, when diesel demand typically rises. The potential benefit depends on supply volumes, freight and insurance costs, and disruptions elsewhere. (PC: X)
